How the Guptas allegedly received billions in kickbacks – report

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Gupta front companies had allegedly already received at least R3.7 billion by late 2016.

have reportedly shown R9 billion in kickbacks allegedly paid or pledged to the controversial Gupta family and their associates.

Though the kickbacks were paid by two Chinese locomotive manufacturers, now merged to form the huge CRRC Corporation, a Beijing-based company which is now the largest supplier of rail equipment in the world, the money allegedly came from South Africans through Transnet. This came from orders for 95, 100, 359, and 232 locomotives, in addition to relocation and maintenance add-ons, with an aggregate value of about R42 billion.

Effective from 3 August 2016, when the country held municipal elections, CRRC allegedly amended earlier kickback agreements in relation to the 95, 100, and 359 locomotive orders. Gupta front companies had allegedly received at least R3.7 billion by late 2016, the investigative publication reported on Monday.

 

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Alleged 🙄

Where are those guys? They must come back man, we must learn to forgive ad we have always done so

Their faces make me sick. They came here to come and destroy our country. MagnitskyAct

Guptas again. What’s going on at Eskom? Tell us

The most corrupt brothers of the world along with the entire ANC government

StopPlaasmoorde ANCMustFall

Geobin63 Eskom is the worse entity since 94 , the looting reasoning conversations will continue for another 50 years if South Africans Stop ANC in power in the next voting sector.

You wasting your time NPA_Prosecutes will make a show like they doing something meanwhile their real job is to protect them. Nothing has changed in CyrilRamaphosa new dawn no top or anyone connected to top will see proper court case or jail time - the looting continues

We want answers NOW!!!!

Do some real investigative journalism and find out the name of the contractor that got paid R5 billion. Guptas are old news and we are not interested. Your media house seems to have double standards.

And will never recover that money again

Farouk16176969 Don't forget ANC ....ANC is the reason why we know Gupters

Please try something else..

Submit evidence to Zondo Commission

Eskom just paid R5 billion to a contractor with no work done and when asked they say it was a mistake. Stop telling us about Guptas and get the name of this company.

How do you report something which has been reported🤔, there's nothing of your own discovery you can report about? I wish you a financial distress so you can close down, you are useless moes

Sorry 😐 Expired news.

Here we go again

After this we should talk about Remgro

Don't leave out the ANC out of this !!! PresidencyZA

Were they the only ones in this country that received kickbacks

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